Philadelphia Eagles Reportedly Decline Trump’s White House Invitation
WASHINGTON, D.C. – The birds won’t be flying south anytime soon. The White House can now cancel that order for grease to grease the poles on the White House grounds as the…
U.S. import prices post third straight monthly decline in September
WASHINGTON (Reuters) – U.S. import prices dropped for a third straight month in September, pulled down by falling costs for petroleum products and a strong dollar, suggesting that imported inflation pressures were…
S.Korea Sept FX reserves post second-biggest monthly decline on record
SEOUL (Reuters) – South Korea’s foreign exchange reserves shrank by nearly $20 billion in September, the second-biggest monthly drop on record, as authorities stepped up dollar-selling intervention to counter the won’s slump…
Hasbro cautions of a decline in annual revenue amid rising inflation
(Reuters) -Hasbro Inc on Tuesday cut its full-year revenue forecast, a sign that price hikes and unabating inflation were prompting consumers to reduce spending on its toys. While toy companies have been…
Africa sees record venture capital investment, bucking global decline
JOHANNESBURG (Reuters) – African startups attracted a record $3.5 billion in venture capital investment in the first half of this year, bucking a global decline in dealmaking linked to worldwide economic turmoil,…
U.S. pending home sales post third straight monthly decline in August
WASHINGTON (Reuters) – Contracts to buy U.S. previously owned homes fell for a third straight month in August, weighed down by soaring mortgage rates and high house prices, which are eroding affordability.…
Canada home prices post record monthly decline in August -Teranet
OTTAWA (Reuters) – Canadian home prices fell sharply in August from July, while year-over-year price gains slowed further, as fast-rising interest rates continued to chill housing markets across the country, index data…
Canada housing starts fall 3% in August as multi-units decline
OTTAWA (Reuters) – Canadian housing starts fell 3% in August compared with the previous month as a decline in multi-unit urban starts offset a slight increase in single-detached, data from the national…
Global supply pressures continued decline in August – NY Fed
WASHINGTON (Reuters) – An index of global supply pressures eased again in August, continuing a steady decline from its Dec. 2021 peak, the New York Fed reported on Wednesday. The index remained…
Putin says Russia will post budget surplus this year, GDP to decline ‘around 2%’
VLADIVOSTOK, Russia (Reuters) – Russia will post a budget surplus this year, President Vladimir Putin said on Wednesday, forecasting a much shallower economic contraction than previously thought as Russia has overcome the…
Revisions confirm steep decline in U.S. productivity in second quarter
WASHINGTON (Reuters) – U.S. worker productivity plunged in the second quarter, leading to the largest year-on-year decline on record, the government confirmed on Thursday, keeping upward pressure on labor costs. Nonfarm productivity,…
Adidas posts 28% decline in Q2 operating profit despite sales increase
BERLIN – Adidas on Thursday said operating profit fell by 28% in the second quarter to 392 million euros ($398.43 million), as results suffered from suspending business in Russia, higher supply chain…
Russian consumer prices unchanged after three weeks of decline
MOSCOW – Russia’s consumer price index was flat in the week to June 24, having declined for three weeks in a row after a massive spike in March, providing the central bank…
Decline and near fall of Italy’s Monte dei Paschi, the world’s oldest bank
By Valentina Za MILAN – State-owned Monte dei Paschi di Siena (MPS) on Thursday announced a 2.5 billion euro ($2.6 billion) cash call under new Chief Executive Luigi Lovaglio. Here is a…
Russian consumer prices decline for third week running
MOSCOW – Russia’s consumer price index (CPI) fell 0.12% in the week to June 17, down for a third week in a row after a massive spike in March, providing the central…
UK music subscriptions in decline as households seek savings
By James Davey LONDON – Britons cancelled over 1 million music subscriptions in the first quarter as a worsening cost of living crisis forced them to make savings, industry data showed on…
Global equity funds decline over 20% this year
(Reuters) – Global equity funds have shed over 7% this month due to a slump in stock prices as higher inflation levels fuel worries about more aggressive policy tightening by major central…
Turkey’s lira, bonds extend decline on inflation, rate cut concerns
By Nevzat Devranoglu ANKARA -Turkey’s lira tumbled more than 2% against the U.S. dollar on Wednesday and its bonds dropped sharply as worries grew over a surge in inflation and depleted official…
HK retail sales jump in April after two months of decline
HONG KONG – Hong Kong’s retail sales jumped 11.7% in April from a year earlier, ending two consecutive months of declines, with the rebound helped by a receding COVID pandemic and the…
Manulife, Sun Life see 1st-qtr earnings decline; Asia COVID challenges weigh
By Nichola Saminather (Reuters) – Canada’s biggest life insurers, Manulife Financial and Sun Life Financial on Wednesday reported core earnings fell from a year ago as the COVID-19 pandemic took a toll…
Zimbabwe suspends bank lending in bid to arrest currency decline
HARARE – Zimbabwe’s government on Saturday ordered banks to stop lending with immediate effect in a move Harare said was designed to stop speculation against the Zimbabwean dollar and was part of…
Decline and near fall of Italy’s Monte dei Paschi, the world’s oldest bank
MILAN – An appeals court on Friday acquitted all 13 defendants, as well as Deutsche Bank and Nomura, over derivative deals that prosecutors alleged helped Monte dei Paschi di Siena hide losses…
U.S. productivity posts biggest decline since 1947 in first quarter
WASHINGTON – U.S. worker productivity fell at its steepest pace since 1947 in the first quarter, while growth in unit labor costs accelerated, indicating that rising wage pressures will continue contributing to…
China’s PMI likely to show steeper factory activity decline in April – Reuters poll
BEIJING – The decline in Chinese factory activity likely steepened in April, a Reuters poll showed, as extensive lockdowns halted production and disrupted supply chains, boding ill for the economic outlook in…
U.S. pending home sales post 5th straight monthly decline in March
WASHINGTON – Contracts to buy U.S. previously owned homes dropped to the lowest level in nearly two years in March as soaring house prices and mortgage rates reduced the pool of buyers.…
Russia’s GDP decline could hit 12.4% this year, economy ministry document shows
(Reuters) -Russia expects the economy to contract by 8.8% in 2022 in its base case scenario, or by 12.4% under a more conservative scenario, an economy ministry document showed on Wednesday, further…
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